Showing 1 - 10 of 6,179
Over a period that includes the 1998 Russian crisis and 2007-2009 financial crisis, banks with overconfident chief executive officers (CEOs) were more likely to weaken lending standards and increase leverage than other banks in advance of a crisis, making them more vulnerable to the shock of the...
Persistent link: https://www.econbiz.de/10013016035
We construct a novel signal of bank expectations utilizing confidential data and a regulatory constraint imposed on … bank internal capital markets during the 2008 crisis that made internal equity injections to commercial bank subsidiaries … constraint made it costly ex-ante for multi-bank holding companies (MBHC) to use these funds for the purpose of recapitalizing …
Persistent link: https://www.econbiz.de/10014255249
We construct a novel signal of bank expectations utilizing confidential data and a regulatory constraint imposed on … bank internal capital markets during the 2008 crisis that made internal equity injections to commercial bank subsidiaries … constraint made it costly ex-ante for multi-bank holding companies (MBHC) to use these funds for the purpose of recapitalizing …
Persistent link: https://www.econbiz.de/10014257900
Can a major financial crisis trigger changes in a bank’s risk-taking behavior? Using the 2008 Global Financial Crisis …, bank learning from a financial crisis may not depend on the institutional context and the level of development of national …
Persistent link: https://www.econbiz.de/10013224915
We merge the literature on downside return risk and liquidity risk and introduce the concept of extreme downside liquidity (EDL) risks. The cross-section of stock returns reflects a premium if a stock's return (liquidity) is lowest at the same time when the market liquidity (return) is lowest....
Persistent link: https://www.econbiz.de/10012175486
This paper studies the nature of spillover effects in bank lending flows from advanced to the emerging market economies … cross-border bank flows from 17 advanced to 28 emerging market economies in Asia, Latin America and central and eastern … determinants of cross-border bank flows. Greater global risk aversion and expected financial market volatility seem to have been …
Persistent link: https://www.econbiz.de/10008653395
This paper studies the nature of spillover effects in bank lending flows from advanced to the emerging market economies … cross-border bank flows from 17 advanced to 28 emerging market economies in Asia, Latin America and central and eastern … determinants of cross-border bank flows. Greater global risk aversion and expected financial market volatility seem to have been …
Persistent link: https://www.econbiz.de/10012991084
This paper studies the nature of spillover effects in bank lending flows from advanced to the emerging market economies … and identifies specific channels through which such effects occur. We examine a panel data set of cross-border bank flows … global as well as country specific factors are significant determinants of cross-border bank flows. Greater global risk …
Persistent link: https://www.econbiz.de/10013127639
This paper studies the nature of spillover effects in bank lending flows from advanced to the emerging market economies … cross-border bank flows from 17 advanced to 28 emerging market economies in Asia, Latin America and Central and Eastern … determinants of cross-border bank flows. Greater global risk aversion and expected financial market volatility seem to have been …
Persistent link: https://www.econbiz.de/10013140116
This paper investigates the effects of ownership patterns on bank cost and profit efficiencies taking a sample of 607 … from bank-level inefficiency but also from differences related to other bank- and country-specific factors. Specifically …
Persistent link: https://www.econbiz.de/10013232623